While your credit score and income plays a big role in whether your mortgage application is approved, there are other factors that are just as important. ⁣

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All lenders consider these “5 C’s” when doing an overall risk assessment of your file. ⁣

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Collateral → property type, location, marketability⁣

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Credit → beacon score, past credit history, issues and risks explanation.⁣

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Capacity → ability to repay loan, explain the debts, job stability and income⁣

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Capital → down payment amount and source, available closing costs⁣

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Character → willingness to repay loan, integrity, stable employment⁣

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As your mortgage broker, I will review these areas prior to submitting your file to the lender, resulting in a faster review and approval of your mortgage!⁣

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Get in touch with any questions, or to start your mortgage application⁣

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604.799.8133⁣

mortgagesbyamytatla@gmail.com⁣